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# Jaran Chiaravanont

Random fact: Eldest son of Chia Ek Chor, who started the business in 1921.


Jaran is one of the largest shareholders of Charoen Pokphand Group, a Bangkok-based conglomerate that runs Thailand's biggest agricultural business. The company makes animal feed and processed meats, and operates farms that produce piglets, broiler chicks, table ducklings and shrimp. He also owns a stake in Ping An Insurance, China's second-largest life insurer.

As of Nov. 24, 2017:
Last change ()
YTD change ()
Industry Diversified
Biggest asset N/A
Citizenship Thailand
Wealth Self-made
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Relative Value

Jaran Chiaravanont's net worth of can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:


Family: Unmarried, No children

Jaran's father and uncle left Guangdong, China, in 1921 to establish a seed shop in Bangkok's Chinatown. The store was later renamed Charoen Popkhand. Jaran was born in 1930, the eldest of four Chinese-Thai brothers.

The siblings built the family business into Thailand’s largest agricultural group, CP Group, before diversifying into retailing, telecommunications and real estate, and spreading to Indonesia, Singapore and Japan. When Chinese political leader Deng Xiaoping opened and reformed the country's economy in 1979, the group was its first foreign investor, registering the first business there as No. 001.

His youngest brother, Dhanin Chearavanont, had planned to retire by age 58, according to a Harvard case study. He changed his mind when the family’s wealth crashed after Thailand devalued its currency in July 1997, triggering the Asian financial crisis. When the empire began to falter under $1 billion in foreign loans, they froze debt payments, halted dozens of ventures and sold assets to save the group. The brothers focused on modernizing farming in Thailand and China after the crisis ended.

CP is the world's largest animal feedmaker, the top shrimp farmer, the biggest exporter of packaged rice in Thailand and one of the globe's largest poultry producers. The group struck a deal to buy HSBC's 15.6 percent stake in Ping An Insurance, China's second-biggest life insurer, for $9.4 billion in 2012.

  • 1921 Father and uncle leave China to set up seed shop in Bangkok.
  • 1930 Jaran is born, the eldest of four brothers.
  • 1946 Seed shop renamed Charoen Pokphand as business expands.
  • 1959 CP Group opens its first animal feed mill in Thailand.
  • 1968 Group becomes the country's biggest animal feed producer.
  • 1979 Becomes first investor in China after Deng Xiaoping opens the economy.
  • 1997 Younger brother Dhanin retires at age 58 and leave business to brothers.
  • 1997 Thailand devalues currency and family fortune collapses.
  • 1998 Dhanin reverses decision to leave, takes control, sells assets to pay debt.
  • 2012 Agrees to buy 15.6 percent stake in Ping An Insurance.